QuestionJune 17, 2025

Texas has the following restrictions on the amount that can be charged for late fees: 5% late fee after 15 days 2% late fee after ten days Texas has no restrictions on late fees Texas forbids charging late fees

Texas has the following restrictions on the amount that can be charged for late fees: 5% late fee after 15 days 2% late fee after ten days Texas has no restrictions on late fees Texas forbids charging late fees
Texas has the following restrictions on the amount that can be
charged for late fees:
5%  late fee after 15 days
2%  late fee after ten days
Texas has no restrictions on late fees
Texas forbids charging late fees

Solution
4.7(274 votes)

Answer

Texas has the following restrictions on the amount that can be charged for late fees: 5% late fee after 15 days and 2% late fee after ten days. Explanation Texas law allows for late fees to be charged, specifically stating that a 2% fee can be applied after ten days and a 5% fee after fifteen days. Therefore, there are restrictions on the amount that can be charged.

Explanation

Texas law allows for late fees to be charged, specifically stating that a $2% fee can be applied after ten days and a $5% fee after fifteen days. Therefore, there are restrictions on the amount that can be charged.
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